Solaris Energy Infrastructure (NASDAQ:SEI) Trading 7.4% Higher – Here’s What Happened

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price rose 7.4% on Wednesday . The stock traded as high as $22.78 and last traded at $22.74. Approximately 324,170 shares changed hands during trading, a decline of 64% from the average daily volume of 910,540 shares. The stock had previously closed at $21.18.

Analyst Ratings Changes

A number of research analysts have commented on SEI shares. Stifel Nicolaus boosted their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a “buy” rating and a $57.00 price target on the stock. Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price target for the company. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler began coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price objective on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $45.75.

Solaris Energy Infrastructure Stock Performance

The business has a fifty day simple moving average of $26.49. The company has a market capitalization of $1.07 billion, a P/E ratio of 36.07 and a beta of 1.32. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were paid a $0.12 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 3.02%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is 97.96%.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director Laurie H. Argo acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the purchase, the director now directly owns 46,064 shares in the company, valued at $1,033,215.52. The trade was a 9.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 34.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

An institutional investor recently bought a new position in Solaris Energy Infrastructure stock. California State Teachers Retirement System purchased a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,822 shares of the company’s stock, valued at approximately $52,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.